6th Apr 2005 16:47
FOR IMMEDIATE RELEASEUNITED BUSINESS MEDIA plcDIRECTORS' INTERESTS IN SHARESUnited Business Media plc confirms that the following awards were made today, 6April, to David Levin, chief executive of the company, following hisappointment on 5 April:--Options over 157,500 ordinary shares in the company were awarded under the UBM2000 Executive Share Option Scheme with an exercise price of 532.17 pence pershare, being the average of the closing mid-market price of United BusinessMedia plc ordinary shares on 1, 4 and 5 April 2005. No money was paid for thegrant of the options.The options will be exercisable between 6 April 2008 and 6 April 2015, subjectto the fulfilment of performance conditions.-A conditional award of 28,400 ordinary shares was also made to Mr Levin by theTrustees of the UBM ESOP Trust. These shares will vest as to 50 per cent on 6April 2007 and the remaining 50 percent on 6 April 2008, subject to hiscontinuing in the group's employment on those dates.Following this award Mr Levin holds options over 157,500 shares in the company.Anne SiddellCompany SecretaryENDUNITED BUSINESS MEDIA PLCRelated Shares:
UBM